Gullewa Limited · ASX:GUL
Gullewa — Shareholder Meeting (November 2011)
14 slides from Gullewa's shareholder meeting presentation, Nov 30, 2011
Slide 1: Presentation to Shareholders - Gullewa Limited AGM
For personal use only Presentation to Shareholders Gullewa Limited AGM 30 November 2011
Slide 2: Year of Significant Progress
Year of Significant Progress For personal use only Kilmain Project: commenced drilling • Intersected 3.1m Castor/Pollux seam • Now 200Mt target Back Creek Project: commenced drilling • Intersected 7.6m cumulative coal in Bulwer and Condamine seams • Confirms 80Mt target Townsville Project: dri
Slide 3: Year of Significant Issues for Coal
Year of Significant Issues for Coal For personal use only High valuation of coal properties by the Investment Sector Rapid expansion of coal exploration and mine development in Queensland Flooding in Queensland Strategic Cropping Land Urban Restricted Areas (“URA”) South east Queensland
Slide 4: Kilmain Project
Kilmain Project Underground: coking/PCI/low ash thermal coal For personal use only Drilled three holes and intersected full suite of Rangal Coal Measures Intersected 3.1m Castor/Pollux Seam All seams cored with coal quality and gas concentrations analyses underway New target of 200Mt (previo
Slide 5: Back Creek Project
Back Creek Project Open Cut: low ash thermal coal For personal use only Drilled holes in northern area; intersected 7.2m of coal within Bulwer and Condamine Seams Confirmation of 80Mt target Cored seam sections undergoing analysis 35.2 Mt Further drilling to the south in the Barakula State 2
Slide 6: Townsville Project
Townsville Project Underground: coking/PCI/low ash thermal coal For personal use only Proven historical presence of coal seams Further exploration under consideration Affected by URA
Slide 7: New Exploration Tenements Granted
New Exploration Tenements Granted For personal use only Pinetree EPC 1875 (Laura Basin) Normanby EPC 1874 (Hodgkinson Basin) Cedar Creek EPC 2278 (Surat Basin) Mobs Creek EPC 2309 (Surat Basin)
Slide 8: Mintovale MDL Acquired
Mintovale MDL 138 Acquired For personal use only Acquired from Cockatoo Coal Ltd in December 2010 based on a royalty only basis Queensland government introduces south east Queensland restrictions Scenic Rim Council lobbying for complete ban on mining
Slide 9: Tenement Applications
Tenement Applications For personal use only 12 current tenement applications 9 new applications 3 existing applications Fleetwood South EPCA 2698 Parapi EPCA 2154 Non-competing Competing Fleetwood East EPCA 2699 Lilyvale EPCA 2182 Mt. Marrow EPCA 2374 Priority North Texas EPCA 2132 Secondary Sandy C
Slide 10: Project & Tenement Details
Project & Tenement Details For personal use only Number Tenement of Sub Surface Project Name Basin Number Blocks Area km2 Grant Date Coal Type Deposit Back Creek Surat EPC 1297 20 68 22 Mar 2010 Thermal Open cut EPC 1298 16 50 7 Apr 2009 Coking/thermal Open cut/Underground Kilmain Bowen EPC 1917 2 6
Slide 11: The Year Ahead
The Year Ahead For personal use only Exploration • Kilmain & Back Creek: raise resources to Inferred JORC status Tenements • Maintain all tenements in good standing • Look at farm-out potential for lesser priority tenements such as Lochaber, Calen and Pinetree • Seek accretive tenements that add
Slide 12: Pre-IPO Funds
Pre-IPO Funds For personal use only Raised $2.5 million for continuation of operations Pre-IPO shares at 15 cents each with 1 free option for every 3 shares exercisable at $0.25 Shareholding on completion of pre-IPO Gullewa Limited 70 % 100 million shares C.Randall and Associates 18 % 25 milli
Slide 13: Kilmain Project - Drill Hole Geophysical Logging for Coal
Kilmain Project Drill Hole Geophysical Logging for Coal For personal use only
Slide 14: Kilmain Drilling
Kilmain Drilling For personal use only Hole KL002 Showing 3m Castor-Pollux Seam Indicated by the Geophysical response Hole KL001 – Rangal Coal Measures